The share price of Zhaojin Mining (01818) continues to advance significantly.

As of the latest update, the stock has risen by 10.16% to HK$20.38, with a trading volume of approximately HK$374 million.

On the news front, the price of gold staged a V-shaped recovery during today's session.

Spot gold has climbed above $4,060, marking an intraday increase of over 1%.

Zhongtai Securities noted that following a deep correction in equity markets during the first half of the year, the valuation of gold mining companies has retreated substantially to low levels, presenting a favorable risk-reward profile.

Beyond potential valuation recovery, these companies are well-positioned to benefit from the price elasticity associated with a rising gold price.

The upward trend in gold prices itself continuously enhances the probability of successful investment in gold equities.

First Shanghai previously highlighted that Zhaojin Mining is currently in its most promising period of development in its history.

The company's performance in 2025 has demonstrated the robust profitability of its existing operations.

Furthermore, the anticipated commencement of production at its offshore gold mine project by 2028 is expected to contribute at least 15 tons of annual gold output, unlocking unparalleled growth potential for the future.

The firm believes Zhaojin Mining represents a high-certainty, high-growth core holding within the gold sector, possessing significant long-term strategic investment value.